Post Office Scheme : Friends,Nowadays everyone wants to get good return in less time.But,This Is Possible But Not Easy.People often do not invest,when it is very necessary in today’s times.On the other hand, post office operated micro savings schemes are the safest investment options.All these schemes offer investors safe and guaranteed returns as well as exemption from income tax.
Post Office Scheme
We are Talking About Post Office PPF Scheme (Post Office PPF 2024), also known as Public Provident Fund.This is One Of The Micro Savings Schemes Run By The Central Government,Which offers higher returns in the long run. The advantage of opening a PPF account is that you can get a good return at a low interest rate.So,friends,let’s talk about this.
Open account from ₹500
If you also want to invest in this PPF scheme,you can start investing with a minimum of ₹500.Also,talking about the maximum investment,one can invest up to ₹1.5 lakh in a financial year.Because, you will not get any kind of interest (Post Office PPF 2024) on this excess amount deposited.Any Applicant Can Deposit Money Once Every Year or in Maximum 12 installments.
Interest Rate
Currently getting so much interest Talking about the interest rate offered in this special scheme of post office,Currently 7.1 Percent Annual Interest Rate Is Being Offered,which is Higher Than The Interest Rate Available on FD Of Any Bank.In fact,From Time To Time The Government Keeps Changing It,But still the Interest Rates Are Never Reduced.You can Open Public Provident Fund Account (Post Office PPF 2024) In Any Bank Or Post Office.But Remember,this Scheme is launched Only For Citizens Residing In India.
You will get so much money
the maturity period of investment In This Post Office Public Provident Fund Scheme is 15 Years.Then You Can Extend It Further For 5 Years.If You Keep ₹100 in your PPF Account (Post Office PPF 2024) Every Day,your Investment In A Year Is ₹36,000 And thus,if you Continue To Invest For 15 years,your Investment Becomes ₹5,47,500.
On which 7.1 Percent Interest Rate Will Be Given By Post Office.So,Based On The Calculator,After 15 Years Of Maturity you Will Get A Total Amount Of ₹9,89,931.Out of which Only Interest Will Earn You ₹4,42,437.The More Amount You Invest,The More Returns You Will Get.
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